Settings8H · net · $10k
Funding arb · Price arb /

ACH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%
Price spread now: BingX against Bybit−0.068%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$1931.929% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.160%+$16 on $10k
Price spread, last 4 days (all we have)+0.577%+$58 · spread now −0.068%, 7d avg −0.014%
Together, before fees+0.736%+$74 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.055% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ACHUSDT0.0058700.0100pay 0.0050% / 4h2h 42m$701K$324K25x
ShortBingX ACH-USDT0.0058660.0100get 0.0100% / 8h2h 42m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.068% → −0.014%
−$5.46
Slippage, 4 orders
−$171.95
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$198.41
Costs to cover
1.929%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago4.25 bp71.9 bp −$72doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago0.85 bp21.5 bp −$2166.1 bp −$661390.8 bp −$39.1K451.1 bp −$225.6K

ACH on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ACHUSDT+0.0100%8h0.005871+0.017%$1.5M$2.6M50xas long as short
Bybit ACHUSDTlong+0.0100%4h0.005870long leg$701K$324K25x
OKX ACH-USDT-SWAP+0.0100%4h0.005863−0.119%$331K$484K10xas long as short
Gate ACH_USDT+0.0100%8h0.005873+0.051%$138K$56K50xas long as short
MEXC ACH_USDT+0.0100%8h0.005865−0.085%$911K$339K125xas long as short
KuCoin ACHUSDTM+0.0100%8h0.005872+0.034%$264K$51K30xas long as short
Bitget ACHUSDT+0.0100%8h0.005868−0.034%$757K$401K50xas long as short
BingX ACH-USDTshort+0.0100%8h0.005866−0.068%$1.3M
Variational Omni ACH+0.0100%4h0.005883+0.221%$8K$420as long as short
BloFin ACH-USDT+0.0106%8h0.005879+0.153%$86K$10K20xas long as short